Answer:
The journal entry to record this transaction is as follows:
On March 15,
Accounts Receivable
−
J. Anthony A/c Dr. $1,600
Accounts Receivable
−
A. Martin A/c Dr. $4,200
Accounts Receivable
−S. Lee A/c Dr. $1,500
To service revenue $7,300
(To record the accounts receivables)
Answer:
The balloon payment for this loan would be $581,213.92. This can be calculated by taking the original loan amount of $1,000,000, multiplied by the interest rate of 9%, then multiplied by the difference in the amortization period (20 years) and the loan term (7 years). This equals $540,000. Finally, add the original loan amount to the interest amount, resulting in $1,540,000. This is the total amount due at the end of the loan term, or the balloon payment.
Explanation:
I think that having permanent employees is better because they will have more experience and you will get to see the type of person they are.
Answer:
A budget deficit causes an increase in interest rates, which causes a decrease in investment spending.
Explanation:
In domain of economics, crowding out
can be regarded as a phenomenon which take place as a result of increased in involvement of government in market economy sector which substantially has effect on remainder of the market, this effect could be on the supply side, it could be on demand side of the market. An example of crowding out is A budget deficit causes an increase in interest rates, which causes a decrease in investment spending.
If a firm has a payback period of 3 years and a project has a payback period of 3. 5 years, the project should be rejected.
Payback period is defined as the number of years required to recover the original cash investment. In other words, the period during which a machine, plant, or other investment has generated sufficient net income to cover its investment costs.
Simply put, the payback period is calculated by dividing the investment cost until the cumulative cash flow is positive by the annual cash flow. This is the payback year.
The payback period indicates the time it takes for a company to recoup its investment. This type of analysis allows companies to compare alternative investment opportunities and select projects that will pay off in the shortest possible time when this criterion is important.
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